REVERSING A TREND, ENI EXPECTS TO BOOK AN $800 MILLION LOSS FOR 1992

ENI Group has estimated a loss of $830 million for 1992. That compares with net profits of $800 million in 1991 and $1.6 billion in 1990. ENI Manager Giuseppe Facchetti attributed the poor performance in large part to the falling ratings of Italian public companies on international financial markets which placed additional financial burdens on the group. ENI Chairman Gabriele Cagliari blamed "the general economic slump and the increasing exchange rate of the dollar for lire, while the prices of